Foreclosure Effects In Tampa Florida – What Sellers Need To Know

Foreclosure is a nightmare to any family going through it irrespective of the reasons why they are about to lose their home. Today we are going to look at the foreclosures effects in Tampa Florida and what local house sellers need to know. First we will look at the effects and the ways of easing them.

Foreclosure Effects in Tampa Florida to Sellers

Loss of your home – Pretty self-explanatory here. The major end result of a foreclosure in Florida is of course the loss of the home to the bank.

Decrease in Your Credit Rating – Your credit rating will be lowered by the foreclosure. How much? It depends on how high your current credit score is… but the higher your current credit score… the more your score will drop after a foreclosure. If you have a credit score of 680 or higher… you may see a drop of 100+ points.

Depression and Stress – Your mental health is at stake because of the high pressure situation. Going through a foreclosure is emotionally exhausting and frustrating to say the least.

House Values In Your Community – Another one of the big foreclosure effects in Tampa Florida is that they tend to lower the overall value of the houses in your neighborhood… especially if there are multiple foreclosures in the immediate area.

How You Can Ease The Effects Of Foreclosure In Tampa

For the well being of you and your family, you need to mitigate the effects of foreclosure as much as you can. The process can be frustrating and time consuming, but there are people who can help you navigate your different options in the process.

First…

Call your bank and work with them: Most banks are very willing and ready to work with you… if you can show that with their help you can get back on track and save your house. Or, if you just want out of the house but you owe more on the house than it’s worth… see if the bank has any programs to lower the mortgage burden so you can get out from underneath it without it going through an expensive foreclosure.

Talk with a local real estate expert, like Rochell Property Solutions: We know the local Tampa real estate market well and are very experienced in the foreclosure process here in Florida. Give us a call at 727-800-3614 and we can guide you toward the resources that can possibly help you.

Sell your house: If you’d rather find a way to sell your house and avoid the foreclosure all together, great! We buy local Tampa houses for cash… and would love to look at your situation and make you a fair all-cash offer on your house. Just call us at 727-800-3614 or shoot us your details through this website.

With the above knowledge on foreclosure effects in Tampa – what sellers need to know, you can guard yourself by calling Rochell Property Solutions at 727-800-3614 and we shall assist you in the shortest time possible to sell your house. However, to fast track the process, kindly fill out our website contact form to give us more information about you. We’d love to connect with you and help you find the best solution!

Testimonials

Rochell Property Solutions

“ Matthew and Callie know this but, I’m a musician and songwriter, needless to say I’m gone much of the time working on projects. I inherited a home, a small but nice home and realistically did not want to deal with trying to make income on it and certainly did not want to go live there. Anyway, I decided to try to sell it, I had no success and was upset that such a large dollar amount of a sale would go to the real estate company. After my contract was up, I found Matthew online and just thought I would give it a shot. Bingo, the best move I could have ever made. I deal with all sorts of people in my life and I can tell you these are two of the most enjoyable and likeable that I have been around. What a team. I joked and told them I would write them a jingle when they started prime time commercials. Not kidding, I’ve never been happier in a single transaction in my life. Fast, acceptable, profitable”

T. Junepriso Nashville Tenn.

Rochell Property Solutions

“The end result was wonderful.”

“ We were looking at a short sale. If you know what that is, it typically solves a Real Estate problem but leaves you in a very bad credit situation. I found Matt and Callie online. I called them after talking to but not securing two Real Estate companies. These people were talking months with no guarantee. I was so relieved after meeting them to see how genuine and professional they are. If I could say one thing about them it would be that the do exactly what they say and do it when they say they will. The act quickly and are always available. I knew everything that was happening each step of the way. The end result was wonderful. I had a check on the 10th day. I cannot say enough about this awesome team”

R. Jackson Lakeland Fla.

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We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer.